A Colorado broker's license is subject to a CREC disciplinary hearing after a fair housing complaint. The hearing officer finds that the broker engaged in a pattern of steering minority buyers away from certain neighborhoods. Which of the following disciplinary outcomes is available to the Colorado Real Estate Commission under C.R.S. § 12-10-217?
Correct Answer
D) Suspending or revoking the broker's license and imposing a fine
Under C.R.S. § 12-10-217, the Colorado Real Estate Commission has authority to impose disciplinary sanctions including suspension or revocation of a real estate license, as well as monetary fines, for violations including discriminatory practices. These are the core administrative remedies available to CREC for license discipline.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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